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,CentralChinasHubeiprovince,Feb22,2020.[Photo/Xinhua]Chinawillshareitsexperiencesandlessonsinbattlingthenovelcoronaviruswithothercountries"withoutreservations,"andprovideassistancewithinitscapacitytothosebadlyaffectedbythedisease,MaXiaowei,ministeroftheNationalHealthCommission,fectionshavesoared,Chinahassentexpertteamstoseveralcountries,includingItaly,Serbia,Cambodia,Pakistan,VenezuelaandLaos,toofferepidemic-controlguidance,,Chinahasdeliveredessentialmedicalsuppliesandprotectiveequipment,suchastestkits,antiviraldrugs,traditionalChinesemedicine,respiratorsandfacialmasks,ionwiththeWorldHealthOrganizationandheldover40virtualtechnicalconferenceswithmorethan100countriesandregionsacrosstheglobe,,thecountryhasdonated20milliondollarstotheWHOtoaidtheorganizationseffortstocurbthepandemicandhelpimprovethepublichealthcapabilitiesofotherdevelopingcountries."Duringearlierstagesofthedomesticoutbreak,lfeelingsforthosewhoarealsostrickenbythedisease,",res,Chinawilldeepeninternationalcooperationondevelopingdrugsandvaccinesagainstthevirus,andguideitsforeignmedicalaidnetworksscatterealthministers,headded.Special:Anewmeasureofglobaluncertaintyaroundthecoronavirushassurgedtoarecordhigh,accordingtoablogpostreleasedbytheInternationalMonetaryFund(IMF)onSaturday.",thefearofcontagionandincomelossesisincreasinguncertaintyaroundtheworld,"HitesAhirandDavideFurceri,officialsattheIMFsResearchDepartment,andNicholasBloom,aprofessorofeconomicsatStanfordUniversity,ithpreviouspandemicsandepidemics,thethreeresearchersdevelopedtheWorldPandemicUncertaintyIndex(WPUI),theWPUIisthreetimesthesizeoftheuncertaintyduringthe2002-03severeacuterespiratorysyndrome(SARS)epidemicandabout20timesthesizeofthatduringtheEbolaoutbreak."Thelevelofuncertaintyaroundthecoronavirusisexpectedtoremainhighascasescontinuetoriseanditisstillnotclearwhenthecrisiswillend,"theresearcherswrote,warninghighuncertaintyhistoricallycoincideswithperiodsoflowergrowthandtighterfinancialconditions."Thecurrentlevelofuncertaintyrelatedtothecoronaviruscrisisisnoexceptionastheeconomicimpactisalreadyvisibleinthecountriesmostaffectedbytheoutbreak,"theysaid,notingthat"increasedcoordinatedaction"willb,000deaths,accordingtothetallyfromJohnsHopkinsUniversity."Werenowinrecession,itiswayworsethantheglobalfinancialcrisis,"IMFManagingDirectorKristalinaGeorgievasaidFridayatajointpressconferencewiththeWorldHealthOrganization(WHO),notingthe"dualcrisis"--healthandeconomiccgohandinhandasthecoronavirussweepsacrosstheglobe.Special:TheCOVID-19pandemichasclaimedover15,000livesinlocked-downItaly,asthetotalnumberofinfections,fatalitiesandrecoverieshasrisento124,632,accordingtothefreshdatareleasedbythecountry,CivilProtectionDepartmentChiefAngeloBorrelliconfirmedthattherewere2,886newactivecoronavirusinfectionscomparedtoFriday,bringingthenationwidetotalto88,,29,010arehospitalized,including3,994inintensivecare,andtherestarequarantinedathome,Borrellisaid."Todayforthefirsttimewehaveaverysignificantelementtoreport,whichisthatthenumberofpatientsinintensivecarehasdecreasedby74individuals,"Borrellisaid."Thisisimportantnewsbecauseitgivesourhospitalssomebreathingroom,anditisthefirstnegativenumbersincewebeganmanagingtheemergency,",238additionalrecoveriescomparedtoFriday,bringingthattotalto20,,bringingthetotalto15,"Thenumberofdailyfatalitieshasbeenconstantlydecreasing"fromahighof969deathsonMarch27,onPrimeMinisterGiuseppeContessecuritydetail."TodayGiorgioGuastamacchia...agedjust51,passedaway,"theprimeministerwroteonFacebookonSaturday.""InaninterviewwithRAINews24publicbroadcasterearlierintheday,HealthMinisterRobertoSperanzasaidthat"wearestillinthethickofbattle,sowemustnotunderestimate(thesituation).""Rightnowthepathofsocialdistancingisthetrueweaponwehaveatourdisposal,"msofvaccineandtherapy."Butatthemoment,thetruthisthatthereisnovaccineandthereisnoproventherapy,sothetruepath,thetruesolutionrightnowissocialdistancing,whichisstilltheonlyweaponthatallthegovernmentsintheworldareusingtoreducethecontagion,",thehealthministersaid:"Thepremisefortheeconomicrecoveryofourcountryisvictoryinthisongoinghealthcarebattle--thetwoelementscannotbeplacedincontradictiontoeachother.""Withoutthishealthcarevictory,therecanbenoeconomicandsocialrecovery,"yDomenicoArcuri,whowarnedcitizensinapressconference"toabstainfromthinkingthatthetimehasalreadycometo...gobacktonormalbehavior.""Fornow,nothinghaschanged,",whoisalsotheCEOofInvitalia,anationalbusinessincentivesagencyownedbytheMinistryofEconomy,isinchargeoframpingupproductionanddistributionofmedicalsupplies,bolsteringthenationalhealthcaresystem,andmanagingeconomicsupportforfamilies,workers,andbusinessesaffectedbythecoronavirusemergency.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.[PhotobyZhangYouqiong/ForChinaDaily]BuildingacomprehensivescienceandtechnologycenterintheGuangdong-HongKong-MacaoGreaterBayAreawillhelpbetterupgradeindustriesinGuangdongprovince,officialssaidonWednesday."WewillactivelyparticipateintheconstructionofaninternationalscienceandtechnologycenterintheGreaterBayArea,whichisofgreatimportanceforourindustrialupgradeandhigh-qualitydevelopment,"saidLiangWeidong,,Dongguanseconomyisexpectedtogrowbyover7percentyear-on-yearin2019,simportsandexportsgrewbyabout2percentonayearlybasislastyear,amidrisingpressurefromtradefrictionbetweenChinaandtheUnitedStates,,alsoadeputytotheprovinciallegislativemeeting,whichopenedonTuesdayinGuangzhou,thecapitalofGuangdongprovince,saidadvancedmanufacturing,whichiscloselylinkedtotechnologyinnovation,willplayakeyroleinDongguanseconomy."Dongguansfutureeconomicdevelopmentwillrelyontheindustrialupgradeandadvancedmanufacturing,whichisaresultoftechnologicalinnovation,",Dongguanwillstartconstructionofthesecondphaseofaspallationneutronsourceprojetivemeeting,MaXingrui,governorofGuangdong,saidtheprovincewouldaccelerateconstructionofaninternationalscienceandtechnologyinnovationcenterwithintheGreaterBayArea."Wewillstartconstructionofacomprehensivenational-levelscienceandtechnologycenter,buildatechnologyinnovativecorridorlinkingGuangzhou,Shenzhen,HongKongandMacao,"($)in2019,,ninecitiesinGuangdong,whichareincludedintheGreaterBayArea,willoptimizeproceduresformarketaccess,intellectualpropertyprotectionandgovernmentservice,,alongwithtechnologicalinnovation,havehelpeddriveGuangdongshealthyeconomicgrowthandwouldbetterintegrateresourcesintheGreaterBayArea,saidLinJiang,aneconomicsprofessorattheLingnanCollegeundertheSunYat-senUniversity."AstreamlinedbusinessenvironmentinGuangdongwillalsohelpbetterattractinvestment,technologyandtalent,"vals,significantlysimplifyingbusinessoperationproceduresandhelpingattractinginternationalbusinesses,withGEandBASFlaunchingprojectsinGuangdonglastyear."GuangdongsvastmarketandsoundbusinessenvironmentarereasonswhyBASFchosetheprovincefortheproject,"saidStephanKothrade,presidentforAsia-PacificandChinaoperationsatBASF.,CentralChinasHubeiprovince,Feb22,2020.[Photo/Xinhua]Chinawillshareitsexperiencesandlessonsinbattlingthenovelcoronaviruswithothercountries"withoutreservations,"andprovideassistancewithinitscapacitytothosebadlyaffectedbythedisease,MaXiaowei,ministeroftheNationalHealthCommission,fectionshavesoared,Chinahassentexpertteamstoseveralcountries,includingItaly,Serbia,Cambodia,Pakistan,VenezuelaandLaos,toofferepidemic-controlguidance,,Chinahasdeliveredessentialmedicalsuppliesandprotectiveequipment,suchastestkits,antiviraldrugs,traditionalChinesemedicine,respiratorsandfacialmasks,ionwiththeWorldHealthOrganizationandheldover40virtualtechnicalconferenceswithmorethan100countriesandregionsacrosstheglobe,,thecountryhasdonated20milliondollarstotheWHOtoaidtheorganizationseffortstocurbthepandemicandhelpimprovethepublichealthcapabilitiesofotherdevelopingcountries."Duringearlierstagesofthedomesticoutbreak,lfeelingsforthosewhoarealsostrickenbythedisease,",res,Chinawilldeepeninternationalcooperationondevelopingdrugsandvaccinesagainstthevirus,andguideitsforeignmedicalaidnetworksscatterealthministers,headded.AnemployeeassemblesastrollerinafactoryofbabyproductcompanyGoodbabyGroupinKunshan,Jiangsuprovince.[Photo/Xinhua]BEIJING-ChinaissuedaguidelineonTuesdaytospeedupthecultivationofsharedmanufacturing,amidef,animportantmeasuretooptimizeresourceallocationandimproveoutputefficiency,alsomeetstherequirementoffosteringandexpandingnewgrowthdrivers,,stressingcoordinateddevelopment,suggestscapabilitysharingintheareasofmanufacturing,,some20sharedmanufacturingdemonstrationplatformswithstronginnovationcapabilityandgreatindustryinfluencewillbeformed,jectswithprospectsandstrongdrivingforceby2020,theguidelinesaid,inabidtofurth,sharedmanufacturingwillenteranewstagewithsignificantimprovementinthelevelofresourcedigitization,andwillbecomeakeydriverforthesectorshigh-qualitygrowth,theguidelinesaid.,CentralChinasHubeiprovince,Feb22,2020.[Photo/Xinhua]Chinawillshareitsexperiencesandlessonsinbattlingthenovelcoronaviruswithothercountries"withoutreservations,"andprovideassistancewithinitscapacitytothosebadlyaffectedbythedisease,MaXiaowei,ministeroftheNationalHealthCommission,fectionshavesoared,Chinahassentexpertteamstoseveralcountries,includingItaly,Serbia,Cambodia,Pakistan,VenezuelaandLaos,toofferepidemic-controlguidance,,Chinahasdeliveredessentialmedicalsuppliesandprotectiveequipment,suchastestkits,antiviraldrugs,traditionalChinesemedicine,respiratorsandfacialmasks,ionwiththeWorldHealthOrganizationandheldover40virtualtechnicalconferenceswithmorethan100countriesandregionsacrosstheglobe,,thecountryhasdonated20milliondollarstotheWHOtoaidtheorganizationseffortstocurbthepandemicandhelpimprovethepublichealthcapabilitiesofotherdevelopingcountries."Duringearlierstagesofthedomesticoutbreak,lfeelingsforthosewhoarealsostrickenbythedisease,",res,Chinawilldeepeninternationalcooperationondevelopingdrugsandvaccinesagainstthevirus,andguideitsforeignmedicalaidnetworksscatterealthministers,headded.Acosmichomicideinaction,withawaywardstarbeingshreddedbytheintensegravitationalpullofablackholethatcontainstensofthousandsofsolarmassesinanartistsimpressionobtainedonApril2,2020.(Photo/Agencies)Astronomershavefoundthebestevidencefortheperpetratorofacosmichomicide:ablackholeofanelusiveclassknownas"intermediate-mass,"whichb,000timesthemassofourSun,theblackholeissmallerthanthesupermassiveblackholes(atmillionsorbillionsofsolarmasses)thatlieatthecoresoflargegalaxies,butla(IMBHs)arealong-sought"missinglink",researchersconsiderthesenewobserva,surroundedbyanaccretiondiscisseeninanartist,rotatingdiscofmaterialconsistsoftheleftoversofastarwhichwasrippedapartbythetidalforcesoftheblackhole.(Photo/Agencies)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.[PhotobyZhangYouqiong/ForChinaDaily]BuildingacomprehensivescienceandtechnologycenterintheGuangdong-HongKong-MacaoGreaterBayAreawillhelpbetterupgradeindustriesinGuangdongprovince,officialssaidonWednesday."WewillactivelyparticipateintheconstructionofaninternationalscienceandtechnologycenterintheGreaterBayArea,whichisofgreatimportanceforourindustrialupgradeandhigh-qualitydevelopment,"saidLiangWeidong,,Dongguanseconomyisexpectedtogrowbyover7percentyear-on-yearin2019,simportsandexportsgrewbyabout2percentonayearlybasislastyear,amidrisingpressurefromtradefrictionbetweenChinaandtheUnitedStates,,alsoadeputytotheprovinciallegislativemeeting,whichopenedonTuesdayinGuangzhou,thecapitalofGuangdongprovince,saidadvancedmanufacturing,whichiscloselylinkedtotechnologyinnovation,willplayakeyroleinDongguanseconomy."Dongguansfutureeconomicdevelopmentwillrelyontheindustrialupgradeandadvancedmanufacturing,whichisaresultoftechnologicalinnovation,",Dongguanwillstartconstructionofthesecondphaseofaspallationneutronsourceprojetivemeeting,MaXingrui,governorofGuangdong,saidtheprovincewouldaccelerateconstructionofaninternationalscienceandtechnologyinnovationcenterwithintheGreaterBayArea."Wewillstartconstructionofacomprehensivenational-levelscienceandtechnologycenter,buildatechnologyinnovativecorridorlinkingGuangzhou,Shenzhen,HongKongandMacao,"($)in2019,,ninecitiesinGuangdong,whichareincludedintheGreaterBayArea,willoptimizeproceduresformarketaccess,intellectualpropertyprotectionandgovernmentservice,,alongwithtechnologicalinnovation,havehelpeddriveGuangdongshealthyeconomicgrowthandwouldbetterintegrateresourcesintheGreaterBayArea,saidLinJiang,aneconomicsprofessorattheLingnanCollegeundertheSunYat-senUniversity."AstreamlinedbusinessenvironmentinGuangdongwillalsohelpbetterattractinvestment,technologyandtalent,"vals,significantlysimplifyingbusinessoperationproceduresandhelpingattractinginternationalbusinesses,withGEandBASFlaunchingprojectsinGuangdonglastyear."GuangdongsvastmarketandsoundbusinessenvironmentarereasonswhyBASFchosetheprovincefortheproject,"saidStephanKothrade,presidentforAsia-PacificandChinaoperationsatBASF.AChinesenationalflagfliesathalf-masttomournmartyrswhodiedinthefightagainstthenovelcoronavirusdisease(COVID-19)outbreakandcompatriotswhodiedofthediseaseatTiananmenSquareinBeijing,April4,2020.(PhotobyFengYongbin/ChinaDaily)ThreestudentsinBeijinggiveasalutewhilethenationalflagisloweredtohalf-mastatTiananmenSquareinBeijingonApril4,2020.(PhotobyJiangDong/ChinaDaily)Peoplewatchtheceremonywherethenationalflagisloweredtohalf-mastatTiananmenSquareinBeijingonApril4,2020.(PhotobyFengYongbin/ChinaDaily)Peoplewatchthenationalflagsbeingloweredtohalf-mastatTiananmenSquareinBeijingonApril4,2020.(PhotobyFengYongbin/ChinaDaily)UnitedNationsSecretary-GeneralAntonioGuterres.[Photo/Xinhua]UNITEDNATIONS-UnitedNations(UN)Secretary-GeneralAntonioGuterresonTuesdaycalledforglobal"solidarity"andcooperationonsocio-economicfrontstocurbthespreadofthenovelcoronavirus."Theworldisfacinganunprecedentedtest,"hesaidinareportonthesocio-economicimpactsofCOVID-19."Wemustresponddecisively,innovativelyandtogethertosuppressthespreadofthevirusandaddressthesocio-economicdevastationthatCOVID-19iscausinginallregions.""Whattheworldneedsnowissolidarity,"hestressed."Withsolidaritywecandefeatthevirusandbuildabetterworld."TheUNchiefsaidthemagnitudeoftheresponsemustmatchthescaleofthecrisis:large-scale,coordinatedandcomprehensive,withcountryandinternationalresponsesbeingguidedbytheWorldHealthOrganization(WHO).GuterressaidthattheCOVID-19pandemicisthemostchal"representsathreattoeverybodyintheworldand...ithasaneconomicimpactthatwillbringarecessionthatprobablyhasnoparallelintherecentpast,"GuterressaidonTuesdayatthevirtualpresslaunchoftheUNreport"Sharedresponsibility,globalsolidarity:Respondingtothesocio-economicimpactsofCOVID-19".TheUNissettingupaTrustFundforCOVID-19ResponseandRecoverytosupportlow-andmiddle-incomecountries"torespondtotheemergencyandrecoverfromthesocio-economicshock,"seamountingtoatleast10percentofglobalgrossdomesticproduct(GDP).TheglobalGDPin2018wasabout$86trillion,,spokesmanforGuterres,latertoldcorrespondentsabouthowtheUNanditsmeesourcesandsupportcanbechanneledtothefightagainstCOVID-19.FILEPHOTO:AmedicaltechnologisttestsarespiratorypanelatNorthwellHealthLabs,wherethesametestwillbeusedontheCOVID-19,thediseasecausedbythenovelcoronavirus,afterbeingauthorizedtobeginsemi-automatedtestingbytheUSFoodandDrugAdministration(FDA)inLakeSuccess,NewYork,US,March11,2020.[Photo/Agencies]WASHINGTON-USPresidentDonaldTrumpsaidSundaythatthecountryissteppingupdevelopingtreatmentsforCOVID-19patients,includingexperim,Trumpsaidthathydroxychloroquineisbeingadministeredto1,100patientsinNewYorkalongwithZ-Pak,whichisazithromycin."It,"(FDA)isalsoallowingtheemergencyuseofablood-relatedtherapy,calledconvalescentplasma,asanexperimentaltreatmentforseriouslyillpatients,unesystems,,,thevirusthatcausesCOVID-19,ispossiblyeffectiveagainsttheinfection,,,theFDAauthorosi,000testsperday,virus,,[Photo/VCG]Chinasforeignexchangereservesrosetoasix-monthhighofnearly$,supportedbystrongerexportsandstablecapitalinflowsamidthefinancialopening-up,$,suggestinggeneralequilibriumofsupplyanddemandintheforeignexchangemarket,$eeconomies,andpricedropsofmajorcountriesbonds,havechangedthevalueofforeignassetsreservedbytheChinesegovernment,rerising,Chinesemonetaryauthorityremainedoptimisticaboutstableforeignexchangereservesinthefuture,supportedbyeconomicgrowthwithinareasonablerange,currency,includingcash,,,reciatemodestlyagainsttheUSgreenbackinitstrade-weightedbasketin2020,givenabettereconomicgrowthoutlook."RMBfluctuationshavebecomemoremarket-driveninrecentyears,servingasanautomaticstabilizertochangesindomesticandexternalconditions,",robustcapitalinflowsareexpectedtobeseenthisyear,which,chiefeconomistatMinshengBank,saidthestrongerexportsinDecember,showedbysomeleadingeconomicindicatorssuchasthepurchasingmanagersindex,hascontributedtotheriseofforeignexchangereserves,,,,$1,600perounce,,hecapitalmarketastheyspeculatethatIranwilldeliveronthreatstoretaliateagainsttheUnitedStatesforthekillingofaseniorgeneral,eopoliticalriskscontinuetorise,buttheamountwillnotbetoolarge,saidZhaoQingming,chiefeconomistattheInstit,vice-governorofthePBOCandthedirectorofSAFE,saidkeytasksin2020includepromotingthediversificationofforeig,whilepreservingandincreasingtheirvalue,sfinancialopening-upwillcontinue,ilythisyear,aftermajorprogressininterestrateliberalizationreform,saidGuanQingyou,deanandchiefeconomistattheRushiFinancialResearchInstitute.ChinesemedicalsuppliesforBelgiumareunloadedattheLiegeAirportinLiege,Belgium,onMarch16,Liege,BelgiumonMarch16inanefforttohelptheEuropeancountryfightthespreadoftheCOVID-19.[Photo/Xinhua]BEIJING-ChinesePresidentXiJinpingsaidThursdayChinaiswillingtohelpBelg,inatelephoneconversationwithKingPhilippeofBelgium,alsosaidChinaisreadytoshareusefulCOVID-19preventionandcontrolexperiencewiththeEuropeancountry,andpromotecooperationinvaccineandmedicinejointresearchanddevelopment,ngaseriouschallengetoEurope,includingBelgium,Xi,onbehalfoftheChinesegovernmentandpeople,conveyedsinceresympathiesandfirmsupporttotheBelgianroyalty,sfightagainsttheepidemic,varioussectionsofBelgiansocietyextendedsympathiesandsupportinvariouswaystoChina,whichhasdemonstratedtheprofoundfriendshipofmutualsupportbetweenthetwopeoples,surgentneeds,Xistressed,addingthathebelievesthatundertheleadershipoftheBelgianroyaltyandgovernment,,XivoicedthehopefortheBelgiansidetopaycloseattentiontoandtakemeasurestoguaranteethesafetyoftheChinesenationalslivingintheEuropeancountry,,andposeacommonchallengetoallhumanity,theChinesepresidentpointedoutthad,Chinaisenhancinginternationalcooperationinacomprehensivefashion,hesaid,addingthatattherecentextraordinaryleaderssummitoftheGroupof20majoreconomies,helaidoutasetofproposalsonpoolrol,Chinawillspeeduptheresumptionofworkandproductionthroughoutthecountry,,headded,willovercomedifficultiestoprioritizetherestorationandexpansionoftheproductioncapacityinmedicalandanti-epidemicsupplies,tightenupqualitycontrolmeasures,andseffortstoboostChina-Belgiumties,XistressedthatChinaiswillingtoworkwithBelgiumtoovercomethepandemicsinfluenceandpromotecooperationinvariousfieldsinacoordinatedmanner,,KingPhilippesaidthatasthepandemicisstrikingallcountriesintheworld,Chinatakestheleadinputtingitundercontrol,fightagainstthedisease,KingPhilippesaidBelgiumappreciatesChinasprovisionofemergencymedicalprotectivesupplies,,andChinaisarealfriendofBelgium,saidtheking,addingthathewillcherishthefriendshipforeverandcontinuetopromotetheexchangesandcooperationbetweenthetwocountries.

AnationalperiodofmourningwillbeheldonSaturday,thisyearsTombSweepingDay,tocommemoratethosewhosuccumbedtoCOVID-19,ightingthenovelcoronavirusdiseaseandcompatriotswhodiedofthepathogen,nationalflagswillbel,,,,,14peoplewholosttheirlivesinfront-linecombatagainstthevirushavebeenhonoredasmartyrs,,apoliceofficerandacommunityofficialcomprisethegroupofmartyrs,thehighesthonorarytitleinthecouillennium,includingoneforthe2008WenchuanearthquakeinSichuanprovince,whichclaimedover69,000livesandleftanother18,,322peopleontheChinesemainlandasoflateThursday,accordingtotheNationalHealthCommission.ChenHuai.[]DispatchedbytheRedCrossSocietyofChina,,theChinesegovernmenthassentmedicalexpertstoItaly,theUnitedKingdom,Serbia,Iran,Cambodia,Pakistan,LaosandVenezuelatohelpthosecountriesfightCOVID-19,vincearrivedinVenezuelascapital,Caracas,aspartofeffortstofighttheCOVID-19pandemic,,Chinahas,sofar,providedemergencyassistancetomorethan80nationsandregionsaroundtheworld,aswellastheWorldHealthOrganization,AfricanUnionandotherrelatedinternationalorganizations,authoritiessaid.Special:ThenumberofpeoplewhohavediedfromCOVID-19inFranceclimbedto7,560onSaturday,,,532,up441inoneday,whilethatinnursinghomesstoodat2,028sincetheoutbreakoftheepidemic,,267peoplehavebeenconfirmedCOVID-19positiveinsanitaryestablishments,bringingthetotalofconfirmedcasesto68,,348confirmedorsuspectedcaseswereregisteredinelderpeoplenursinghomessinceMarch1,headded."TheCOVID-19pandemiciscompletelyunprecedentedwiththousandsofseriouscasesandthousandsofdeaths,"saidtheofficial,addingthattheimpact"isverysevere."Meanwhile,thenumberofpatientsrequiringlifesupportroseto6,838bySaturday,,slowerthanthe4-percentgrowthreportedonFriday."This(us)toassessthetensioninhospitalsandtheneedtomobilizealltheavailablehumanandlogisticalresources,"notedSalomon."Thenumberofcuredpeopleisalsoincreasingveryquickly,",atotalof15,438peoplehaveleftthehospitalcured,upfrom14,008onFriday."Itisnotthetimetorelaxeffortsnow,"theofficialsaid,reiteratingthatpeopleshouldcontinuetostayathome.ExpertsfromtheRedCrossSocietyofChinaattendavideoconferenceduringavisitinBagdad,Iraq,onMarch11,2020.[Photo/Xinhua]ExpertssentbytheRedCrossSocietyofChinasuggestedmakeshifthospitalsbebuiltinIraqtoaidCOVID-19controintheMedicalCityinBagdadontopicsincludingtestingofthenovelcoronavirus,treatmentofpatients,infectioncontrolandpreventionformedicalworkersandscreeningofcasesduringthevisit,,andguidedthee,comprisingsevenmembers,arrivedinBagdadonMarch7toprovidesupporttoCOVID-19controlandpreventioninIraq.DUBLIN-AflightcarryingmedicalsuppliesfromChinaarrivedatShannonAirportinwestIrelandonThursdayafternoon,,theIrishDepartmentofHealthreported402morecasesofCOVID-19inthecountry,bringingthetotalto3,849,togetherwithanadditional13fatalities,,operatedbyQatarAirways,carriedventilators,emergencybedsandothermedicalequipmentwhicharemuchneededbyIrelandinitson-goingfightagainstthepandemic,menthasorderedfromChina,ioneuros($226million),IrishPrimeMinisterLeoVaradkaray-at-homeordertowardstheendofnextweek,,theIrishgovernmentissuedastay-at-homeorder,demandingallthepeopleinthecountryareonlyallowedtoleavetheirhomesundersomespecialcircumstancessuchaswhentheyhavetogooutsidetoworkorbuyfoodandmedicine.

Financialregulatorsarepromotingtransitionintheassetmanagementindustrybyinvestingalargeportionofassetsinstocksandbonds,insteadofnonstandardproducts.[Photo/IC]Chinawillpromoteeffectiveconversionofhouseholdsavingsintolong-termfundsincapitalmarketsbystronglydevelopingenterpriseannuities,aswellasvarioushealthandendowmentinsuranceproducts,,insuranceandtrustproductstoplayaneffectivepartindirectfinancing,fosterthemindsetofvalueinvestingandlong-terminvesting,andimprovethestructureofinvestorsinitscapitalmarkets,thebankingandinsuranceregulatorsaidinguidelinesissuedrecentlyfor,deputydirector-generaloftheNationalInstitutionforFinanceandDevelopment,saidinthepast,assetmanagementproductsweremostlyinvestedinquasi-creditassetsincludingnonstandardproducts,ratherthanbeinginvestedincapitalmarketsfromwhichcompaniesraisemoneydirectly."Financialregulatorsarepromotingtransitionintheassetmanagementindustrybyinvestingalargeportionofassetsinstocksandbonds,providinglong-termand,investmentdecisionswillbecomemorerational,"Zengsaid."Agrowingpartofhous,toensurethesafetyoffundsandlowercapitalmarketriskseffectively,Chinashouldcarryoutfundamentalcapitalmarketreformstoenhancethequalityoflistedcompanies,buildadiversifiedmarketwithdrawalsystem,optimizeregulations,sbankingandinsuranceregulatoraswellassecuritiesregulatortochipinwiththeircontributions,"sbankingandinsurancesystemandimproveitsservicecapability,saidZhangXingrong,dinsurerswillfurtherdiversifyhouseholdsavings,whichwillbeincreasinglyinvestedinmedium-twhereborrowersraisemoneydirectly,inadditiontohelpinginvestorsachievethegoalofprudentinvestmentandrealizingprofitstoacertainextent,Zhangsaid."Theinvestmentandresearchcapabilitiesoffinanciredreturnsoninvestmentthantheircompetitorswillenjoybettergrowth,"hesaid."Thehunt,fosteringanddeploymentoftalentsspecializedinassetmanagementisthetoppriorityforimprovingfinancialinstitutionsinvestmentportfoliostohelpclientshedgeagainstrisksbyadoptingquantitati,withtheestablishmentofwealthmanagementjointventuresinChina,householdassetallocationwillbecomeincreasinglyglobalizedanddiversified,",chiefresearcherwithChinaMinshengBankingCorp,highlightedtheimportanceofthedevelopmentofcapitalmarketstotheeconomictransformationofChinaandthedevelopmentofinnovativeenterprises."Themaininstitutionalinvestorsinthestockmarketwerebrokerages,,householdsavingswillalsobecomepartofthesupplyoflong-termfundsforcapitalmarkets,",hesaidregulatorshavesetrequirementsonthescopeofinvestmentfordifferentinstitutionalinvestors,puttinglimitsonleverageratiosofinvestmentproductsandontheproportionofinvestmentinequityassetstototalassets.DushyantKumar,anIndiancinematographerlivinginShenzhen,Guangdongprovince.[PhotoprovidedtoChinaDaily]Editorsnote:Inthisnewseries,wesharestoriesandexperiencessho-anIndiancinematographerlivinginShenzhen,Guangdongprovince-wasgivenanopportunitytovolunteerinbattlingthenovelcoronaviruse,Kumarsawpeoplewearingclotheswith"ShenzhenVolunteer",inhisneighborhood,someaddedKumarsWeChataccount,,,onFeb17,hebecameacommunityvolunteer,withhisfirsttaskbeingsprayingdisinfectantintheresidentialcommunity."Whentheepidemicbrokeout,everybodywassayingWuhan,Jiayou!(Staystrong,Wuhan!),,Iwasgivenasenseofpersonalsatisfaction,","Theresidents,atax,"Kumarrecalled."IthoughtitwascharmingwhenKumaraskedusifhe,asaforeigner,,andtoldmehecouldntjustsitathome,"saidJiMei,,Kumarsvolunteerworkinvolvedsimplephysicaltasks,,JiandKumarcameupwiththeideaoffilmingapublicwelfaredocumentaryofhowChinafightstheepidemic,astheybothworkinShenzhenBollywoodInternationalMediaCoLtd."OuroriginalideawastoshowwhatChinahaddone,,astheepidemichasevolvedintoapandemic,wethoughtitnecessarytoproducethedocumentaryinvariouslanguages,",herteam-includingKumar-istranslatingthevideointo27languages,includingItalian,Hindi,French,Spanish,aswellasChinesedialects,,theIndianembassyinChinacontactedKumar,"Ifyoueatthefoodfromanycountry,"Jisaid:"Whattouchedmemostwasthathe,asaforeigner,couldbesogratefulforwhatthe(Chinese)governmenthaddone,,bothChineseandforeigners,tclassifybynation,,weshouldjoineffortstogetthroughthem."MichaelRyan,executivedirectoroftheWorldHealthOrganizationsHealthEmergenciesProgram,saidatarecentnewsconferencethattheWHOhassthisvirus,andwhattheworldneedsnowissolidarityandworkingtogether,Ryansaid.FooddeliverymencheckordersviamobilephonesinShenyang,capitalofNortheastChinasLiaoningprovince.[PhotoprovidedtoChinaDaily]High-tech,equipmentmanufacturingandconsumergoodsseerobustgrowthWhilethecontractedmanufacturingsectorinOctobersignaledcontinuousdownwardpressure,amildimprovementoftheChineseeconomycouldstillbeexpectedovertherestoftheyear,onthebackofpolicysupport,especiallyonthefiscalside,,whichgaugesthegrowthmomentumoffactoryactivityinChina,,registeringthesixthstraightmonthofcontraction,,tory,theNBSsaid."Productionmaintainedexpansionwhilemarketdemandfell,"saidZhaoQinghe,anNBSseniorstatistician,,witharobustexpansionofthesectorsofhigh-techmanufacturing,equipmentmanufacturingandconsumergoods,whilebusinessconfidenceremainedstableassurveyedmanagerseteddownsidepressurefacedbytheChineseeconomyamidlukewarmdemandbothathomeandabroad,makinganyeconomicreboundunlikelyintheshortrun,estoftheyear,onthebackofcyclicalfactorsandstrongersupportfromfiscalpolicy,saidXieYaxuan,chie,thelong-runningreductionofinventoryandamonth-on-monthrecoveryinproducerinflationinSeptemberprovidedevidencethattheeconomymaybeheadingforabottoming-out,althoughtradeuncertaintyiscomplicatingtheprocess,,thefirstincreasewithinfourmonths,,counter-cyclicalmeasureshavestrengthenedsinceAugust,Xiesaid,addingthatheexpectedthefiscalpolicytorendermoresupporttotheeconomythanthemonetarypolicy,slocalgovernmentspecialdebtquotathisyearinadvancetoboostinfrastructureinvestment,whilenodecisionhasbeenannouncedregardingwhetherthedebtsallowedbythequotawillbeissuedthisyear."Ifthedebtsareissuedinthefourthquarter,astabilizingeconomycouldgraduallybeexpected,"saidZhangWei,ananalystwithChongqing-basedSouthwestSecurities,addingth,,,,backintotheupperrangeofboom."TheeconomymaynotbeasweakastheofficialPMIdataindicated,asothereconomicdatadeliveredadifferentpicture,"sconsumptionofcoalincreasedinOctoberandsuggestedquickerproduction,andtheCaixin/MarkitmanufacturingPMI,whichpolledadifferentgroupofmanufacturersthatareprivatelyowned,,,asbusinessactivityoftheservicessectorexpandedslower,theNBSsaid.UnitedNationsSecretary-GeneralAntonioGuterres.[Photo/Xinhua]UNITEDNATIONS-UnitedNations(UN)Secretary-GeneralAntonioGuterresonTuesdaycalledforglobal"solidarity"andcooperationonsocio-economicfrontstocurbthespreadofthenovelcoronavirus."Theworldisfacinganunprecedentedtest,"hesaidinareportonthesocio-economicimpactsofCOVID-19."Wemustresponddecisively,innovativelyandtogethertosuppressthespreadofthevirusandaddressthesocio-economicdevastationthatCOVID-19iscausinginallregions.""Whattheworldneedsnowissolidarity,"hestressed."Withsolidaritywecandefeatthevirusandbuildabetterworld."TheUNchiefsaidthemagnitudeoftheresponsemustmatchthescaleofthecrisis:large-scale,coordinatedandcomprehensive,withcountryandinternationalresponsesbeingguidedbytheWorldHealthOrganization(WHO).GuterressaidthattheCOVID-19pandemicisthemostchal"representsathreattoeverybodyintheworldand...ithasaneconomicimpactthatwillbringarecessionthatprobablyhasnoparallelintherecentpast,"GuterressaidonTuesdayatthevirtualpresslaunchoftheUNreport"Sharedresponsibility,globalsolidarity:Respondingtothesocio-economicimpactsofCOVID-19".TheUNissettingupaTrustFundforCOVID-19ResponseandRecoverytosupportlow-andmiddle-incomecountries"torespondtotheemergencyandrecoverfromthesocio-economicshock,"seamountingtoatleast10percentofglobalgrossdomesticproduct(GDP).TheglobalGDPin2018wasabout$86trillion,,spokesmanforGuterres,latertoldcorrespondentsabouthowtheUNanditsmeesourcesandsupportcanbechanneledtothefightagainstCOVID-19.Chinaseffortsinfightingthenovelcoronavirus,aswellasitstechnologyinterventions,includingleveragingartificialintelligence,onaboutcasesofunusualpneumoniainWuhan,Hubeiprovince,onDec31,confirmedonJan5thattheviruswasnotSARS,announcedanewvirusbelongingtothecoronavirusfamilyonJan7,seffortstobattlethevirushavealsoopenedawindowofopportunityfromanewdimension:pioneeringnewtechnologies,,aswellasdiagnosis,,,suchasBeijing,ShanghaiandShenzhen,AIapplicationisincreasingincentralandwesternregions:Anhui,Sichuan,,Chinase-commercegiant,forinstance,hasdevelopedanAIsystemthatcandetectthepresenceofcoronaviruswith96percentaccuracyin20secondsbyassessingCTscans,,sDAMOAcademyonlyneededfivedaystodel,theMinistryofScienceandTechnology,,theStateCouncil,ChinasCabinet,announcedtheNewGenerationofArtificialIntelligenceDevelopmentPlan,whichoutlinedChinaforusingAItosupportCOVID-19epidemiccontrolonFeb4,whichmarkedt,PresidentXiJinpingemphasizedthatscienceandtechnologyarethemostpowerfulweaponsinbattlingCOVID-19,andhumansvictoryoverdisasterandep,theMinistryofSciencereleasedguidelinesforusingscienceandtechnolo,Chinalaunchedamassentrepreneurshipandinnovationinitiative,whichmobilizeinnovators,andcultivatedcitizens,director-generaloftheWorldHealthOrganization,saidtheepidemicsituationisreversinginChina,andthevirusisretreating."OthercountriesshouldmakefulluseofthewindowofopportunitybroughtbyChinaseffortstocontainthevirusassoonaspossible."Thewindowofopportunityisnarrowingonthetimefront,butonthetechnologyside,thewindowofopportunityiswideningforacommunitywithasharedfutureformankind.AUKgovernmentwarningisseenatabusstopasthespreadofthecoronavirusdisease(COVID-19)continuesinLondon,Britain,April2,2020.[Photo/Agencies]Spainsviruswoesaddedtobymajorriseinunemploymentof900,000AscientistattheSangerInstituteofgenomichealthresearchinCambridgehassaidtheintroductionofanearlierlockdowncouldhaveledtoached2,921,,researchgroupleaderInigoMartincorenasaida"simplistic"analysisofdatahehadseenhighlightedtheimportanceoflockdownandhowmuchdifferencecouldhavebeenmadeifPrimeMinisterBorisJohnsonhadintroduceditearlierthanhedid,onMarch23,twoweeksaftersimilarmeasureswereimposedinItaly,Europe,hesaid,"suggeststhatalockdownoneweekearliercouldhaveledtoanepidemic(aroundthree)timessmaller(likelytranslatingintomanythousandsfewerdeathsandtheneedforashorterandlessdisruptivelockdown)".Johnsonhimselfremainsinself-isolationsixdaysafterbeingdiagnosed,,($)ofhistoricNationalHesactionplanwouldslowdownthespreadofthevirus,andthatitwascommittedtoreachingitsmid-Apriltargetof25,000tests,andalsosetafreshtargetof100,ctionsimposedbytheMisuseofDrugsAct,althoughshouldtherulesbechanged,theywouldonlyapplytopeo,orBCC,hasrevealedthatalmosthalfofbusinessesexpecttofurlougharound50percentoftheirworkforceinthenextweek,,whereworkersarenotpaidbytheiremployers,sjobretentionscheme,thegovernmentwillpickupthebillfor80percentofwages,upto2,,44percentsaidtheythoughtitlifinancialreservestocallupon,andBCCdirectorgeneral,AdamMarshall,saidwhilehewelcomedthegovernmentsactions,theyneededtohappenfaster."ThecoronaviruspandemichastakenaheavytollonbusinessandeconomicactivityacrosstheUK,"hesaid."Whilebusinesseshavewelcomedtheunprecedentedsizeandscopeofthegovernmentsupportpackages,ourfindingshighlighttheurgen"Thecountrysfee-payingprivateschoolsectorisalsofeelingthefinancialstrain,asparentswhohavelostincomecanceltheirdirectdebitsandp,TheGuardianreported,astheywillonlybeabletoofferdistancelearning,amidfea,itsmemberschoolshavearound55,000overseaspupils,witharound10,000ofthosebeingfromChina."Wedontknowhowmanyofthechildrenwanttocomeback,andeveniftheydowanttocomeback,whethertheywillbeabletoleavetheircountry,orwhethertheircountryisstillgoingtobeinlockdown,"saidNeilRoskilly,chiefexecutiveoftheIndependentSchoolsAssociation."tknowwhatthesituationsgoingtobe."Elsewhere,aninfectiousdiseasespecialisthastoldaLondondiscussiongroupthatnewresearchfromHongKongmayresultintheWorldHealthOrganizationreappraisingitsguidelinesonthewearingoffacemasks,astheycould,theofficialpolicyisthattheirmainbenefitistohealthcareworkers,toprotectthemfromcontractinginfectionsfrompatients,asmanymembersofthepublicusethemincorrectly."Butastheevidencebecomesavailable,itseemstherewillbeadebatetryingtodecidewhethermasksplayaroleatsomepointintheoutbreak,"saidDavidHeymann,aWHOadvisor."Andbelieveme,iftheydo,thereisaprivatesectorhealthyenoughtobeginproducingthosemasksinquantitiesnecessary."ThedeathtollinSpainhasnowpassed10,000,atthesametimeasnewlyreleasedfiguresrevealedthatMarchsawSpainshighest-evermonthlyriseinunemployment,withalmost900,sdeathtollhaspassed1,000,,000,Italysmainbusinessassociationhaswarnedthatindustrialoutput,whichinthefirstquarterof2020suffereditsbiggestdropin11years,couldfallbyupto15percentinthesecondquarter.AerialphototakenonOct15,2019showsaviewoftheLujiazuiareainShanghai.[Photo/Xinhua]EncouragingeconomicdataforDecemberwillcementthepotentialuptrendofChinasA-sharemarketin2020,asaconfirmedpictureofeconomicstabilityhasbolsteredexpectationsofarecoveryincorporateearningsgrowth,ysintradayhighof3,sreleaseof6percentGDPgrowthforthefourthquarteroflastyear,sclose,,,whichtracksShenzhensinnovativestartupboard,scloseat1,,nceandofferedequityassetsmoreroomtoclimb,saidHanTan,ananalystatinternationalforeignexchangeplatformFXTM."Decembersindustrialproductionandretailsalesfigurestoppedestimates,confirmingthepictureofaneconomythathasbottomedout,",thesecondconsecutivemonth,whileretailsalesgrowthremainedashighas8percentlastmonth,thesameasNovember,,,asmanufacturersrampedupinvestment,,economicactivityshouldremainonastabilizingtrajectorythisyearandleadtoannualGDPgrowthofabout6percent,giventheresolutepro-growthpolicyeffortsandeasingexternalpressuresafterthesigningofthephase-onetradedealwiththeUnitedStates,saidTangJianwei,chiefresearcheratBankofCommunications,,Tangsaid,asspecial-purposebondswillprovidestrongersupportforinfrastructureinvestm,headofChinaStrategyatUBSInvestmentResearch,said:"ThebenchmarkCSI300Indexisexpectedtoseea6percentriseoverthecourseoftheyear.""AstabilizingChineseeconomywillbringabouttherecoveryinlistedfirmsearningsgrowthin2020,andwearenowinsuchatransition,"themarkethigher,saidZhangXia,t500billionyuan($73billion)thisyear,Zhangsaid,addingthatheexpectsaquickerexpansionofequity-focusedmutualfundsandacontinuousinflowofforeignmoney,,thenationstopsecuritiesregulator,saidafterthecloseofitsannualworkconferenceonFridaythatitwillworktoattractlong-termcapitalincludingequityfundsthisyear,,whicharesensitivetomacroeconomicchanges,mayoutperformthemarket,suchasthosewhoengageinconstructionmaterialsandmachineryandthereforebenefitfromfasterinfrastructureinvestment,accordingtoXieChao,,analystswithEssenceSecuritiessaidinareportthatcyclicalstocksmaynotprovidesomuchroomtogaininthemidtolongtermasstocksinthetechandmedicalsectorsdo,astformstobetterservehigh-qualityeconomicdevelopmentthisyear.

ThelatestVisionChinaevent"FightingCOVID-19:Wearealltogether",jointlyorganizedbyChinaDailyandTsinghuauniversity,willbebroughttoyouat8:,senioradvisertothedirectorgeneraloftheWorldHealthOrganization,HeYafei,aveteranseniorChinesediplomat,RobertLawrenceKuhn,arenownedChinaexpert,JimO’Neill,aleadingeconomistfromtheUnitedKingdom,MeganMonroe,ateacherfromtheUnitedStatesinWuhan,andZhangRuiru,aTsinghuaUniversitystudentinWuhan,Special:ThenumberofpositivetestsforCOVID-19onboardaircraftcarrierUSSTheodoreRooseveltroseto155,up13percentfromthepreviousday,ReutersreportedSaturday,,000crewhavebeentested,and1,548servicemembershavebeentransferredontoGuam,wheretheshipiscurrentlydocking,,700sailorsonboardthevesselduetotheoutbreak,aboutwhichCaptainBrettCrozierearlierthisweekreportedtohigher-rankingofficialsinthechainofcommand,pleadingforhelptocontainthevirus,asActingNavySecretaryThomasModlysaidthecommander,byalarminghissuperiorsaboutthesituationandexpressingconcernsoverthePentagonsinsufficientresponse,failedto"actprofessionallywhenactingprofessionallywaswhatwasneededatthetime."Crozierreceivedstandingovationfromal,SenateDemocratscalledforaformalinvestigationintotheNavysresponsetothevirusoutbreakaswellasitsdecisiontoremovethecaptain,whileDemocraticpresidentialcandidateJoeBidenhailedCrozierasbeing"faithfultohisduty."TherehavealsobeenreportsthatsomeCOVID-19caseshaveemergedonboardaircraftcarrierUSSRonaldReagan.AndreyKravchenkoEditorsnote:Inthisseries,wesharestoriesandexperiencessho,aRussianwhohasbeenlivinginChinafornineyears,saidthatthecountryimpressedhimgreatlywiththestrongactiontakentoprotectitspeople,aformervice-mayoroftheRussiancityofStavropolandformervice-presidentofEnergomeraGroup,hasbeenlivinginChangzhou,Jiangsuprovince,,,heofferedadviceontheresumptionofproductiontothelocalgovernmentanddonated100,000yuan($14,270),thecompanyofferedtheminterest-freeloansof200,,anditwas,ntmaterialscouldbetransportedintimetoguaranteeproduction."IbelievethatChinacontainedthecoronavirusinrelativelyashorttime,whichhelpedpreventthevirusfromspreading,"saidKravchenko."IalsobelievethatChinafranklyreportedtotheworldtheepidemicsituationwithinthecountryandhasshareditsexperiencetohelpothercountriesfightthevirus."KravchenkosaidthatChinasfightagainstthevirusimpressedhimgreatlyandgavehimabetterunderstandingofthecountryandtheChinesepeople."Chinaisnotwhatitwas10yearsago,"hesaid."WehadmanydifficultiesinestablishingthecompanyinChina,vereceivedhelpfrommanypeoplebeforeandduringtheoutbreakofthecoronavirus."Nowourlifehasbecomenormalafterthecoronaviruswascontainedeffectivelyinthecountry,butthevirusmademerealizedeeplythatlifeisshortandIshouldtrymybesttohelpothers."KravchenkomadeavideotoencouragetheChinesepeoplewhenthecoronavirusoutbreakwasatitspeakinthenation,inwhichhesaidthatthekeytowinningthebattlewastomaintainorder,patienceandpersonalhygiene."Ifwestandunitedwecanovercomethedifficulties,"AnoutletoftheBankofEastAsiainShanghai.[Photo/ChinaNewsService]Moveexpectedtoexpandissuancechannelsforlocalgovernments,boostopening-upMoreforeign-investedbankswillbeallowedtounderwritebondsissuedbythelocalgovernmentsinChina,aspartofthecountrysfinancialsectorsfurtheropening-upefforts,notonlybringinmoreoverseasinvestors,butalsoboostthefasterexpansionofthecountrys20trillionyuan($)onyuanthisweek,thehighestissuanceinhistory,acccts,theMinistryofFinancehasurgedlocalgovernmentstorevisetherulessothatfullyforeign-fundedbanks,Sino-foreignjointventurebanksandforeignbanks-FubonBank,theBankofEastAsiaandDeutscheBank,arealreadypartofthelocalgovernmentbondunderwritinggroups,,,inlinewiththecountrysfinancialsectoropening-upstrategy,willexpandtheissuancechannelsoflocalgovernmentbonds,andpromotethediversificationofbondinvestors,,"itwillmakethebondissuancesustainable,facilitatetheopeningofthegovernmentbondmarket,andpromotetheinternationalizationoftherenminbi."YuliaWan,avice-presidentandbankinganalystatglobalcreditratingsagencyMoodysInvestorsService,said:"Weexpectmoreforeignbankstojoinlocalgovernmentbondunderwritinggroups,whichcanhelpcomplementcurrentsaleschannelsanddiversifyinvestorbaseforlocalgovernmentbondissuances."JoiningthelocalgovernmentbondunderwritinggroupscanhelpforeignbanksdiversifytheirbusinessintheChinesemarketandincreasetheirsourceofincome,sforeignexchangeregulator,theStateAdministrationofForeignExchange,alsolaunchednewstr,bothbankingandnon-bankinginvestors,cantradeintheinterbankforeignexchangemarket,usiignexchangemarket,andbetterservetherealeconomy,sbondmarketmayattractmorecapitalinflowsthan2019thisyearassomemajorcentralbanksandprivatesectorfirmswillincreasetheirinvestmentinChinesebonds,,up32percentfrom2017,newbondissuancestoodat3trillionyuanduringtheJanuary-to-Novemberperiodof2019,,,information,theMinistryofFinanceestablishedawebsiteearlierthismontht,saidareportfromMoodys."Theearlyallocationofthe2020bondquotaallowslooperty-relatedprojectslikelandreservesandshantytownrenovation,weexpectinfrastructureinvestmentgrowthtopickupatthebeginningofthisyear,"itsaid.AUKgovernmentwarningisseenatabusstopasthespreadofthecoronavirusdisease(COVID-19)continuesinLondon,Britain,April2,2020.[Photo/Agencies]Spainsviruswoesaddedtobymajorriseinunemploymentof900,000AscientistattheSangerInstituteofgenomichealthresearchinCambridgehassaidtheintroductionofanearlierlockdowncouldhaveledtoached2,921,,researchgroupleaderInigoMartincorenasaida"simplistic"analysisofdatahehadseenhighlightedtheimportanceoflockdownandhowmuchdifferencecouldhavebeenmadeifPrimeMinisterBorisJohnsonhadintroduceditearlierthanhedid,onMarch23,twoweeksaftersimilarmeasureswereimposedinItaly,Europe,hesaid,"suggeststhatalockdownoneweekearliercouldhaveledtoanepidemic(aroundthree)timessmaller(likelytranslatingintomanythousandsfewerdeathsandtheneedforashorterandlessdisruptivelockdown)".Johnsonhimselfremainsinself-isolationsixdaysafterbeingdiagnosed,,($)ofhistoricNationalHesactionplanwouldslowdownthespreadofthevirus,andthatitwascommittedtoreachingitsmid-Apriltargetof25,000tests,andalsosetafreshtargetof100,ctionsimposedbytheMisuseofDrugsAct,althoughshouldtherulesbechanged,theywouldonlyapplytopeo,orBCC,hasrevealedthatalmosthalfofbusinessesexpecttofurlougharound50percentoftheirworkforceinthenextweek,,whereworkersarenotpaidbytheiremployers,sjobretentionscheme,thegovernmentwillpickupthebillfor80percentofwages,upto2,,44percentsaidtheythoughtitlifinancialreservestocallupon,andBCCdirectorgeneral,AdamMarshall,saidwhilehewelcomedthegovernmentsactions,theyneededtohappenfaster."ThecoronaviruspandemichastakenaheavytollonbusinessandeconomicactivityacrosstheUK,"hesaid."Whilebusinesseshavewelcomedtheunprecedentedsizeandscopeofthegovernmentsupportpackages,ourfindingshighlighttheurgen"Thecountrysfee-payingprivateschoolsectorisalsofeelingthefinancialstrain,asparentswhohavelostincomecanceltheirdirectdebitsandp,TheGuardianreported,astheywillonlybeabletoofferdistancelearning,amidfea,itsmemberschoolshavearound55,000overseaspupils,witharound10,000ofthosebeingfromChina."Wedontknowhowmanyofthechildrenwanttocomeback,andeveniftheydowanttocomeback,whethertheywillbeabletoleavetheircountry,orwhethertheircountryisstillgoingtobeinlockdown,"saidNeilRoskilly,chiefexecutiveoftheIndependentSchoolsAssociation."tknowwhatthesituationsgoingtobe."Elsewhere,aninfectiousdiseasespecialisthastoldaLondondiscussiongroupthatnewresearchfromHongKongmayresultintheWorldHealthOrganizationreappraisingitsguidelinesonthewearingoffacemasks,astheycould,theofficialpolicyisthattheirmainbenefitistohealthcareworkers,toprotectthemfromcontractinginfectionsfrompatients,asmanymembersofthepublicusethemincorrectly."Butastheevidencebecomesavailable,itseemstherewillbeadebatetryingtodecidewhethermasksplayaroleatsomepointintheoutbreak,"saidDavidHeymann,aWHOadvisor."Andbelieveme,iftheydo,thereisaprivatesectorhealthyenoughtobeginproducingthosemasksinquantitiesnecessary."ThedeathtollinSpainhasnowpassed10,000,atthesametimeasnewlyreleasedfiguresrevealedthatMarchsawSpainshighest-evermonthlyriseinunemployment,withalmost900,sdeathtollhaspassed1,000,,000,Italysmainbusinessassociationhaswarnedthatindustrialoutput,whichinthefirstquarterof2020suffereditsbiggestdropin11years,couldfallbyupto15percentinthesecondquarter.UnitedNationsSecretary-GeneralAntonioGuterres.[Photo/Xinhua]UNITEDNATIONS-UnitedNations(UN)Secretary-GeneralAntonioGuterresonTuesdaycalledforglobal"solidarity"andcooperationonsocio-economicfrontstocurbthespreadofthenovelcoronavirus."Theworldisfacinganunprecedentedtest,"hesaidinareportonthesocio-economicimpactsofCOVID-19."Wemustresponddecisively,innovativelyandtogethertosuppressthespreadofthevirusandaddressthesocio-economicdevastationthatCOVID-19iscausinginallregions.""Whattheworldneedsnowissolidarity,"hestressed."Withsolidaritywecandefeatthevirusandbuildabetterworld."TheUNchiefsaidthemagnitudeoftheresponsemustmatchthescaleofthecrisis:large-scale,coordinatedandcomprehensive,withcountryandinternationalresponsesbeingguidedbytheWorldHealthOrganization(WHO).GuterressaidthattheCOVID-19pandemicisthemostchal"representsathreattoeverybodyintheworldand...ithasaneconomicimpactthatwillbringarecessionthatprobablyhasnoparallelintherecentpast,"GuterressaidonTuesdayatthevirtualpresslaunchoftheUNreport"Sharedresponsibility,globalsolidarity:Respondingtothesocio-economicimpactsofCOVID-19".TheUNissettingupaTrustFundforCOVID-19ResponseandRecoverytosupportlow-andmiddle-incomecountries"torespondtotheemergencyandrecoverfromthesocio-economicshock,"seamountingtoatleast10percentofglobalgrossdomesticproduct(GDP).TheglobalGDPin2018wasabout$86trillion,,spokesmanforGuterres,latertoldcorrespondentsabouthowtheUNanditsmeesourcesandsupportcanbechanneledtothefightagainstCOVID-19.AthermalimagingcamerarecordsavisitorsbodytemperatureasheenterstheBabaoshanPeoplesCemeteryinBeijinglastmonth.[WANGZHUANGFEI/CHINADAILY],thenovelcoronavirusoutbreakhasabateddomestically,promptingauthoritiesto,cemeteriesoutsideofHubeiprovince-whichwasravagedbythevirus-havereopened,justintimeforthetraditionalTombSweepingDay,,tensofmillionsflocktoburialgroundsintheperiodaroundtheholidaytocleardebrisandleavefood,,whenthefestival,knowninChineseasQingming,wasofficiallyrecognizedasanationalpublicholidayalongwithDragonBoatFestival,whichwillfallinJune,andMid-AutumnFestival,,,tomb-sweepingrelativesareentitledtoathree-daybreak,,r,,112milliondomestictouristtripswererecordedduringthethreedayslastyear,,andtourismrevenueduringtheperiodreachedabout48billionyuan($),ChinesemedicalsuppliesforBelgiumareunloadedattheLiegeAirportinLiege,Belgium,onMarch16,Liege,BelgiumonMarch16inanefforttohelptheEuropeancountryfightthespreadoftheCOVID-19.[Photo/Xinhua]BEIJING-ChinesePresidentXiJinpingsaidThursdayChinaiswillingtohelpBelg,inatelephoneconversationwithKingPhilippeofBelgium,alsosaidChinaisreadytoshareusefulCOVID-19preventionandcontrolexperiencewiththeEuropeancountry,andpromotecooperationinvaccineandmedicinejointresearchanddevelopment,ngaseriouschallengetoEurope,includingBelgium,Xi,onbehalfoftheChinesegovernmentandpeople,conveyedsinceresympathiesandfirmsupporttotheBelgianroyalty,sfightagainsttheepidemic,varioussectionsofBelgiansocietyextendedsympathiesandsupportinvariouswaystoChina,whichhasdemonstratedtheprofoundfriendshipofmutualsupportbetweenthetwopeoples,surgentneeds,Xistressed,addingthathebelievesthatundertheleadershipoftheBelgianroyaltyandgovernment,,XivoicedthehopefortheBelgiansidetopaycloseattentiontoandtakemeasurestoguaranteethesafetyoftheChinesenationalslivingintheEuropeancountry,,andposeacommonchallengetoallhumanity,theChinesepresidentpointedoutthad,Chinaisenhancinginternationalcooperationinacomprehensivefashion,hesaid,addingthatattherecentextraordinaryleaderssummitoftheGroupof20majoreconomies,helaidoutasetofproposalsonpoolrol,Chinawillspeeduptheresumptionofworkandproductionthroughoutthecountry,,headded,willovercomedifficultiestoprioritizetherestorationandexpansionoftheproductioncapacityinmedicalandanti-epidemicsupplies,tightenupqualitycontrolmeasures,andseffortstoboostChina-Belgiumties,XistressedthatChinaiswillingtoworkwithBelgiumtoovercomethepandemicsinfluenceandpromotecooperationinvariousfieldsinacoordinatedmanner,,KingPhilippesaidthatasthepandemicisstrikingallcountriesintheworld,Chinatakestheleadinputtingitundercontrol,fightagainstthedisease,KingPhilippesaidBelgiumappreciatesChinasprovisionofemergencymedicalprotectivesupplies,,andChinaisarealfriendofBelgium,saidtheking,addingthathewillcherishthefriendshipforeverandcontinuetopromotetheexchangesandcooperationbetweenthetwocountries.PotentialhomebuyerslookatpropertymodelsatarealestateexpoinBijie,Guizhouprovince.[Photo/ChinaNewsService]ThePeoplesBankofChinasdecisiontoreducethereserverequirementratio,ortheamountofcashbankshavetosetasideasreserves,willeasecreditpressureforhomebuyersbutmaynotspurhugespikesinhomesales,asthebroadsentimeeliquidityandlowersocialfinancialcosts,withindicationsthatmoreadjustmentsinloanandinterestratesareintheoffing,saidYanYuejin,researchdirectorattheE-HouseChinaRDInstitute."TheRRRcut,thefirstthisyearafterthreeinstancesin2019,indicatesthatthemonetaryenvironmentisshiftingfromtighttoloose,andwillbepositivefortherealestatesectorintermsoffinancing,"avenuesforhomebuyersinthefirstquarter,butpropertydevelopersmaycontinuetoseecrimpedfinancingconditions,saidZhangBo,chiefanalystofAnjuke,arklendingratefornewloansstartingfromthisyear,andmadetheloanprimerate(LPR)gherorlowerthanthebenchmark,andforthoseloansalreadyissuedbutyetdue,newcontractswillbesignedbetweenbanksandborrowersbetweenMarchandAugusttoshifttotheLPR."TheincreasedliquiditywilllikelyleadtoacutintheLPR,whichmeanstheinterestrateforhomebuyerswillbemarkeddowntoo,"saidZhangDawei,,industrialanalystssaiddemandforhomeswillremainsteady,astheannualCentralEconomicWorkConferencehasearmarkedstabilizinglandandhomepricesaswellasmarketexpectationsasoneofthekeytaskstoensuresteadyandhealthdevelopmentofthepropertymarketthisyear."Thekeytargetfortherealestatemarketistopreventrisks,sothatthefinancingenvironmentforthepropertysectorwillremainstableinthefuture,"saidXuXiaole,chiefmarketanalystwithKeResearchInstitute,"Itishighlylikelythatthecentralgovernmentwilltakestepstoensureadequateliquidityandlowerfinancingcoststhisyear,,andnotforspeculation,"saidDingZuyu,CEOofE-House(China)asethefinancingdifficultiesofmedium-andsmall-sizedenterprisesinparticularasChina,hesaid.Five-timeNBAchampionKobeBryantandformerInternationalBasketballFederation(FIBA)secretarygeneralPatrickBaumannarebothtobeisyear,41,whodiedinahelicoptercrashinCaliforniainJanuary,,,51,aformerInternationalOlympicCommitteemember,diedaftersufferingTimDuncan,15-timeNBAAll-StarKevinGarnett,two-timeNBAchampioncoachRudyTomjanovich,four-timeOlympicmedalistTamikaCatchings,three-timeNCAANationalChampionshipcoachKimMulkey,collegebasketballcoachBarbaraStevensandEddieSutton,formerOklahomaStatemenscoach.IreneLauKuan-va,presidentofMacaoTradeandInvestmentPromotionInstitute,givesthewelcomeremarksatVisionChinaforumentitled“GreaterBayArea:BuildingaMegaPowerhouse”onDec11,2019,inMacaoSAR.[PhotobyCalvinNg/ChinaDaily]ShesaidthedevelopmentoftheGreaterBayAreaasaninacaogovernmenttopromoteexternaltrade,attractinvestment,nurturethedevelopmentoftheconventionandexhibitionindustryanddrivsRepu,Macaohadachievedraprywithatransparent,nondiscriminatoryandopeneconomy,addinguptoabusiness-friendlyenvironment,entoftheregionaleconomy,promoteintegrationandcooperation,andenhanceChinascompetitivenessintheglobalmarket,,Macaowouldtakeadvantageofits"magnificentopportunity"andaccelerateitsintegrationintotheoveralldevelopmentofthecountry,,theBeltandRoadInitiativeandcontributingtothesustainabledevelopmentoftheregion,shesaid.Amanputshandsanitizeronpassengershandsbeforeboardingpublictransportbusesasresidentsleaveforthevillagesamidconcernsoverthespreadofcoronavirusdisease(COVID-19)atabusterminalinOldKampala,UgandaMarch24,2020.[Photo/Agencies]KAMPALA-UgandaonThursdayrolledoutacomprehensivehealthplantocombatthespreadofthenovelcoronavirus(COVID-19).,MinisterofHealthaccompaniedbyWorldHealthOrganization,,,thiswouldlimitthetransmissionofthediseaseintheproDecember31,2019,,ollowedup,recassPresidentYoweriMusevenihasso,publicgatheringsbannedandtheentrypointsclosedtoincomingandoutgoingtravelers,,includingmajorlysocialdistancingarecriticalinreversingepidemicgrowthandreducecasenumbers."Thisisnecessary,inparttohaltsecondarytransmissionsfromthoseyetundetectedcasesinthecommunity,butalsoenabletheireventualdiscovery,",theepidemicwillgetoutofhand."Basically,whatthismeansfromthemodellingsofardone,isthatUgandawillhave18,878cases(ata3percentfatalityrate,)byApril30,,"shesaid.Thefourthplenarysessionofthe19thCPCCentralCommitteeisheldinBeijingfromOct28to31,2019.[Photo/Xinhua]Chinawillacceleratetheimprovementofthesystemofitssocialistmarketeconomyandwillfullyunleashthe"decisiverole"ofthemarketinresourceallocationtoensurehigh-qualitydevelopment,,deputydirectoroftheOfficeofCentralCommissionforFinancialandEconomicAffairs,saidthatChinawillbuildahigh-standardmarketsystemandwillimprovetheprotectionofpropertyandintellectualpropertyrights,ionoftheFoucreatebettersynergybetweenthe"visibleandinvisiblehands",Hansaid,addingthatthecountrywillfurtherimprovethesystemtofosterinnovationandte,improvethemoderncorporatesystemwithChinesecharacteristicsandboostthecompetitivenessandinnovativecapabilityoftheSOEswhilecontinuingtosupportprivatebusinesses,Hansaid.[Photo/IC]vegainedov,,IwouldbringUS$10calculators,,"No,youdontknowChina."Isaid,"Ok,Idontknow.",Chinasincomelevelshaveincreasedby26times,,IhavegainedgreatperspectiveonthedifferencesbetweentheAmericanandChinesewaysofseeingthings..OneChineseleaderdescribedtomethatinessence,thediffere,,country,consistsoftwocharacters:,economicshasalsoshiftedtogeopolitics,andbybeingabletoseethingsthroughtheeyesoftheChinese,Iwouldsaythatbyandlarge,Iwouldbeimplementingthesamesortofeconomicpolicie,itisalotlessfunandalotmorepainfulthanwhenyouhaveagreattimegettingintodebt,,enanddeclined,,,,,,,whentheDutchinventedshipsthatcouldgoallaroundtheworld,,,yougetimprovementsinoutput,sareflectionofthecompetitivenessofhowthatarisesoveraperiodoftimebecauseyougrow,becauseyou,itsthedevelopmentofthemilitarybecauseyouneedthemilitary,andwiththattheresthedevelopmentofareservecurrencybecausei,italsomeansthatthosecountriescangetdeeperintodebtbecauseeveryonewantstos,there,formostofitshistory,,itinventedtheprintingpress500yearsaheadofothers,teverexpectthatweregoingtomaketheChineselikeAmericansandtoadoptoursystem,,,orasI,thereisatechnologywar,sthenatureoftheenvironment,,Ihopethatitisdonewithmutualunderstandingsothatinsteadofwarswhichmeanlose-loserelationships,weapproachthiswithwin-winrelationshipsbyseeingeachotherthrougheachotherviewsofChinaDailyandChinaDailywebsite.

Editorsnote:TraditionalChinesemediciitiseffectiveOurforumreaderssharetheiropinionsofTCM–(China)BeforewesternmedicinehadenteredChinainlate19thcentury,Chinesetraditionalmedicinehadbeenthereforthousandsofyears,helpingpeople,relieftheirpainandsuffering,,sbasedontraditionalformula,like云南白药,牛黄解毒片,alotofpeopleapproachtraditionalChinesemedicineinaverywrongway,andbecauseofthisrelativelymodernandmassmediaapproach,traditionalmedicinehadlostalotoftheiradvantages.[Photo/VCG]Chinasforeignexchangereservesrosetoasix-monthhighofnearly$,supportedbystrongerexportsandstablecapitalinflowsamidthefinancialopening-up,$,suggestinggeneralequilibriumofsupplyanddemandintheforeignexchangemarket,$eeconomies,andpricedropsofmajorcountriesbonds,havechangedthevalueofforeignassetsreservedbytheChinesegovernment,rerising,Chinesemonetaryauthorityremainedoptimisticaboutstableforeignexchangereservesinthefuture,supportedbyeconomicgrowthwithinareasonablerange,currency,includingcash,,,reciatemodestlyagainsttheUSgreenbackinitstrade-weightedbasketin2020,givenabettereconomicgrowthoutlook."RMBfluctuationshavebecomemoremarket-driveninrecentyears,servingasanautomaticstabilizertochangesindomesticandexternalconditions,",robustcapitalinflowsareexpectedtobeseenthisyear,which,chiefeconomistatMinshengBank,saidthestrongerexportsinDecember,showedbysomeleadingeconomicindicatorssuchasthepurchasingmanagersindex,hascontributedtotheriseofforeignexchangereserves,,,,$1,600perounce,,hecapitalmarketastheyspeculatethatIranwilldeliveronthreatstoretaliateagainsttheUnitedStatesforthekillingofaseniorgeneral,eopoliticalriskscontinuetorise,buttheamountwillnotbetoolarge,saidZhaoQingming,chiefeconomistattheInstit,vice-governorofthePBOCandthedirectorofSAFE,saidkeytasksin2020includepromotingthediversificationofforeig,whilepreservingandincreasingtheirvalue,sfinancialopening-upwillcontinue,ilythisyear,aftermajorprogressininterestrateliberalizationreform,saidGuanQingyou,deanandchiefeconomistattheRushiFinancialResearchInstitute.WhydidapparentlystigmatizingnameslikeChinesevirusorWuhanviruskeepmakingheadlinesHowhavetheWesternmediashapedthenarrativeofChina’sresponsetothenovelcoronavirusAstheviruscontinuestowreckhavoc,ChinaDailyinvestigateshowtheWester,experiencedjournalists,andexpatsinChina,thedocumentary,WesternMediaUnlocked:HypocrisyBehindCOVID-19Reports,p,theWesternmediafoundfaultswiththecountry’,the,irresponsiblestoriesbymanyofrenownedinternationaloutletshavefeaturedrumors,lf.MedicalexpertsinWuhan,thecapitalofChinasHubeiprovince,talkwiththeircounterpartsattheStateUniversityofNewYork(SUNY)UpstateMedicalUniversityinSyracuseviavideoconferenceovertheweekend.[PhotoprovidedtoChinaDaily]FromtheearlydetectionofcommunitytransmissiontobestpracticesincombatingCOVID-19,ChinasexperienceareapplicabletodiseasecontrolintheUnitedStates,andthetwocountriesneedtorampupcooperation,aformerhealthcounselorattheUSembassyinBeijingsaidonWednesday."Ithinktionsfortheentirecountry,"saidDeborahSeligsohn,whowasanenvironment,science,,whoworkedattheembassywhenBeijingandWashingtoncooperatedinthefightagainstthesevereacuterespiratorysyndromeoutbreak,saidtheUSneedstoexaminethewayChineseprovincesoutsideofHubeiprovince,oncetheepicenteroftheCOVID-19contagion,ysofthecoronavirusepidemicinChinasincetheshutdownofWuhan,thecapitalofHubei,onJan23foundthatsuspendingintracitypublictransportation,closingentertainmentvenuesanitedthesizeoftheepidemicinChina,avertinghundredsofthousandsofcases,accordin,nowassistantprofessorofpoliticalscienceatVillanovaUniversityinPennsylvania,saidtheUSCentersforDiseaseControlandPreventionandtheChineseCenterforDiseaseControlandPreventionarebothtopepidemiologicalorganizations,butwithoutanoverallconstructiverelationship,,theH5N1andH1N1influenzaoutbreaksandEbolavirusdisease,,ifmaintained,wouldhaveallowedscientiststoputtheirheadstogether,whichmighthavehelpedwithChina,suchastheUS-ChinaHealthSummitheldin2017,shouldberesumed,Seligsohnsaiditisurgenttorestarthigh-levelengagement."Weneedleaderstoagreeonarobustprogramofglobaldiseasedetection,"shesaid."WeknowChinahasmanymoretrainedepidemiologistsandresourcesthanitdidbeforeSARS,seoutbreaks."RuanZongze,executivevice-presidentoftheChinaInstituteofInternationalStudies,saidasthetwomajorpowersintheworld,inthecurrentcircumstances,ChinaandtheUSshouldbeunited,notjustfightingtheirownwaragainstthevirus,butprovisinitialachievementsincontainingtheepidemiccannotbeachievedwithoutthestrongsupportoftheinternationalcommunity,Ruansaid,addingthatwhenthediseasebrokeoutinChina,USorganizationsandcompaniesextendedahelpinghand,,Chinaisactivelyengagedininternationalandregionalcooperationtocombattheepidemic,whilecontinuingtopreventandcontroltheepidemicathome."WhiletheUSiscurrentlyfacinganescalationoftheoutbreak,,",USPresidentDonaldTrumpsaiditis"positive"thatChinaisshippingmedicalsuppliestohelpcountriesbattlethecoronaviruspandemic."Iviewthatasapositiveiftheyrehelpingothercountries,"Trumpsaid,adding,"IfChinacanhelpthem,Imallforit."WhenaskedifhehadreceivedanintelligencereportthattalkedaboutadiscrepancyintheCOVID-19numbersinChina,Trumpsaid"wehavenotreceived"anyintelligencereportsshowingthatChinaunderreporteditscoronavirusnumbers,thoughhesaidthenumbers"seemtobealittlebitonthelightside"."Astowhetherornottheirnumbersareaccurate,ImnotanaccountantfromChina,"Trumpsaid."Butwehadagreatcalltheothernight,wereworkingtogetherinalotofdifferentthingsincludingtrade,"hesaid,referringtothephoneconversationhehadwithChinesePresi,theWorldHealthOrganizationexpresseponentialgrowthininfectionsduringthepastfiveweeks,withthediseasenowreachingalmosteverycountry,territoryandarea,andwiththenumberofdeathsmorethandoublinginthepastweek."Iamdeeplyconcernedabouttherapidescalationandglobalspreadofinfection,"Tedrossaid,addingtheWHOnowexpectsthenumberofCOVID-19casestoreach1millionand50,,000asofWednesday-morethananyothernation,withmorethan5,IreneLauKuan-va,presidentofMacaoTradeandInvestmentPromotionInstitute,givesthewelcomeremarksatVisionChinaforumentitled“GreaterBayArea:BuildingaMegaPowerhouse”onDec11,2019,inMacaoSAR.[PhotobyCalvinNg/ChinaDaily]ShesaidthedevelopmentoftheGreaterBayAreaasaninacaogovernmenttopromoteexternaltrade,attractinvestment,nurturethedevelopmentoftheconventionandexhibitionindustryanddrivsRepu,Macaohadachievedraprywithatransparent,nondiscriminatoryandopeneconomy,addinguptoabusiness-friendlyenvironment,entoftheregionaleconomy,promoteintegrationandcooperation,andenhanceChinascompetitivenessintheglobalmarket,,Macaowouldtakeadvantageofits"magnificentopportunity"andaccelerateitsintegrationintotheoveralldevelopmentofthecountry,,theBeltandRoadInitiativeandcontributingtothesustainabledevelopmentoftheregion,shesaid.ArobothelpingmedicalteamstreatpatientssufferingfromthenovelcoronavirusdiseaseintheCircolohospital,inVarese,Italy,/REUTERSLeaderspushbackdatesforeasingoflockdownsasinfectionsclimbThecoronaviruspandemicshowsnosignofabatingacrossEurope,forcingnationstoextendco,808infectionsand29,350deathsasofWednesday,,574casesbyWednesday,andthedeathtollstoodat13,155,saidtheCivilProtectionDepartment,,PrimeMinist,whichstartedonMarch10,dthatrelaxingitnowwouldmeanthesacrificesmadesofarwouldhavebeeninvain."Thisadditionaleffortwillallowustobegintoassessfutureprospects,"Contenoted."Whenthe(scientific)dataconsolidate...wewillbegintoprogramagraduallooseningoftherestrictions."InGermany,therestrictionsonsocialcontactshavebeenextendedtoApril19attheearliest,"refrainfromprivatetripsandvisitsfromrelativestoo",,522and872peoplehavedied,statisticsleastApril15."Itislikelythatwearenotheadingtowardageneralde-confinementinonegoandforeveryone,"hesaid,,989casesand4,032deaths,-fromChinaandTurkey-thatwerecarryingsuppliesincludingmasks,overallsandanti-bacterialfluidslandedonWednesdayatamilitaryairportnearMadrid,,238withthedeathtollhitting10,003,thecountry,pressureonthegovernmenttoincreaset,352peoplehavedied,anovernightincreaseof31percentfromthe1,,medicaldirectoratPublicHealthEngland,"wherepeoplecandrivethroughandgettests",addingthattheaimistogetto"hundredsofthousandsinthecomingweeks".InRussia,PresidentVladimirPutinonWednesdaysignedintolawabillgrantingtheCabinetadditionalpowers,quarantinerulesandspreadfalseinformation,aswell,reaching3,548,with30deaths,,Xinhuaandagenciescontributedtothisstory.SONGCHEN/CHINADAILYTheG20ExtraordinaryLeaderseconomicpolicycoordinationtocounteractthene$5trillionintotheglobaleconomyaspartoftargetedfiscalpolicies,economicmeasuresandguaranteeplanstocounteractthesocial,,morethan610,,,theglobaloutbreakwillcontinue,,,consumptiona,,aggregatesupplyhasdroppedsharplyasthe,,alvaluechain,,,,exceeding700,000forthefirsttimesincestatisticswereavailableandsurpassingthepeakof667,,,,respectivelyinUS,,’simpactontheglobaleconomyescalates,internationalorganizationsandmarkepid,,onMarch2,(IIF),(-).Financialmarketvo,circuitbreakerwastriggeredinequitymarketinUnitedStates,Canada,Brazil,Korea,India,Indonesia,Thailand,Kuwait,,,andthestockindicesofBritain,France,Germany,Italy,,,yen,,,,,,theUSFederalReserveenhancedtheexistingcurrencyswaplineswiththeEuropeanCentralBankandfourothercentralbanks,andestablishdhighof$83billion,duetouncertaintiesfromthepandemic,$1trillionlendingcapacitytosupportcountriesinrespondingtothepandemic,withdebtservicereliefforleastdevelopedcountries(throughCatastropheContainmentandReliefTrust),potentiallyenhancedaccesstoitsemergencyfacilities,andf$,theWorldBankandtheIMFjointlycalledonallofficialbilateralcreditorstosveimpactofthepandemicontherealeconomy,lackofpr,,amidintensifiedimpactofthepandemicontherealeconomy,investors’confidenceremainsweak,,elevatedforyears,stockpri,thegloballiquidityisgenerallyample,,liquidit,impactedbytheoutbreak,shrinkingprofitabilityandthealreadyhighcorporatedebtmayl,,,returnedto"lowerzerobound",,Japan,,centralbanksandmonetaryauthorit,$$100billionrespectivelyonMarch6and18,andlaunchedthethirdroundof$,theeurozonefinanceministersagreedtotemporarilyrelaxthefiscaldeficitrulesofMaastrichtTreaty,“fiscaldeficitbelow3percetofGDP,publicdebttoGDPrationomorethan60percent”,,thespaceforl,thepolicyresponsesattheinitialstagefailedtostabilizethemarketasexpected,mainlybecausemonetarypolicyresponses,howeverrapidandaggressive,couldneitherc,,G20andothermajorcountrieshavesteppedupmeasuresofpandemiccontainmentandmacroeconomicpoliciestomitigatetheimpactofthepandemiconthehousehold,s,pandemicprevention,constrainedbyinadequatemedicalsystem,andlimitedpolicyspac,suchdevelopingecthepandemicwiththatofthe"GreatDepression”(1929-1933).Thoughtoopessimistic,suchopinionsremindedpolicymakersallovertheworldtobevigilantabouttherisks,“GreatDepression”whentheeconomicrecessioncontinuesformorethan18months,theGDPdeclinesbymorethan10percent,,"GreatRecession”afterthefinancialcrisisin2008didnotmeetthestandardsofa"GreatDepression".Someinstitutionsbelievethattheshort-termeconomicrecessionthistimemaybeworsethanthatin2008,butitremainstobeseenwhethertheduration,outputdeclineandunemploymentcanmeetthedefinitionofa"GreatDepression”.Inascenariowhereauthoritiesofallcountriesworktogethertofightthepandemic,effectivelycontainitsspreadandsupporttheglobaleconomy,,ifthepandemicspinsoutofcontrol,therealeconomymaydeterioratewiththeoutbreakofpotentialfinancialrisks,thenthepossibilityofa"GreatDepression"tnecessarilyrepresentthoseofChinaDaily.PeoplewatchthesunsetonafishingpieronEastLakeinWuhan,Hubeiprovince,onMarch18,thefirstdaysincethenovelcoronavirusoutbreakbeganthattherewerenonewcasesintheprovince.[Photo/Xinhua]China-ZeronewcaseofCOVID-19inHubeifor2ndday;39addedacrossChina,allimported()-ThreeathletesofChineseepeefencingteamtestpositivefornovelcoronavirus()-Chinacivilaviationauthoritieswillcapthenumberofinboundflightstothecountry()March19OutsideChina-andtocloseborderstonon-residents-COVID-19casestop200,000globally,deathtollover8,000:WHO()-US-Canadaborderclosed;twomembersofUSCongresstestpositiveforcoronavirus()-SouthKoreareportsreboundinnewcoronaviruscasesafternursinghomeoutbreak()-ThenumberofCOVID-19casesintheUnitedStateshassurpassed9,000:JohnsHopkinsUniversity()-TheNewYorkStockExchangewilltemporarilycloseitstradingfloorinlowerManhattanandmovetoall-electronictradingbeginningMonday,aftertwopeopletestedpositiveforCOVID-19()-TheEuropeanCentralBanklauncheda750billioneuroemergencybondpurchaseprogrammetopushdownborrowingcostsinablocstrugglingwiththeeconomicfalloutofcoronavirus()China-Wuhanallowedindividualresidents,butnotinbiggroups,tomoveinsidecommunitiesclearedofnovelcornavirus.()-Chinesemainlandreports34newinfections,allimportedcases()-Beijingreports21newlyconfirmedcasesofnovelcoronavirusdiseasefromothercountriesWednesday()-AChinesestudydoneonasmallnumberofrhesusmacaquessaidthemonkeysdontdevelopacoronavirusinfectionthesecondtimetheyareexposed()March18OutsideChina-11,487newcoronavirusinfectionsand462deathswerereportedoutsideChinaasof10am,Mar17,accordingtoWHO()-Novelcoronavirusisnowinall50USstatesafterWestVirginiareporteditsfirstcase()-TheUSpursueda$1trillionstimuluspackagethatcoulddeliver$1,000checkstoAmericanswithintwoweekstobuttressaneconomyhitbycoronavirus-Spainunveilsunprecedented200billioneuros($220billion)coronaviruspackage-Australiadeclaredahumanbiosecurityemergency,whichgivesthegovernmentthepowertocloseoffcitiesorregions,imposecurfewsandorderpeopletoquarantine-BrazilPresidentJairBolsonarossecondCOVID-19testisnegative,Brazilseekstodeclarestateofemergency-FourBrooklynNetsplayers,includingKevinDurant,havetestedpositiveforthenewcoronavirus,bringingthetotaltosevenknownplayersintheNBA()China,butbecaus,especiallybecauseofthenovelcoronaviruspandemic,couldpotentiallyleadtoafoodcrisis,makingpoor,,—Italy,SpainandGermanyinparticular—,ChinasstocksampleSofar,sestimateforlastyearsglobalcerealproductionis2,719milliontons,almost62milliontons()dby5milliontonsto1,444milliontons——dforfeed,,althoughr,Chinahadabumpergrainharvestof664milliontons,,wheatandcorn,Chinadoesnotdependontheinternationalmarket;,Chinahasadequatestocksofriceandwheat,andthegovernmenthastakenseve,,attentionneedstobepaidtothelivestocksector,,withthenovelcoronavirusspreadingrapidlyinAfrica,SouthAsiaandLatinAmerica,ion,andtheyarehometoalargepercentageofthemorethan820millionpeoplesufferingfromhungerandn,desertlocustsandfallarm,supplychainsarenotbeingabletomeetthesuddenandbigriseindemandand,asaresult,,however,,Kazakhstan,oneoftheworldsbiggestexportersofwheatflour,hasbannedtheexportofnotonlywheatflourbutalsocarrots,sugar,,,thefoodpricecrisisprompted,therewasnoshortageofrice,yetmanycountries,promptedbypanic,,ricepricesdoubledintheglobalmarketinsixmonths,c,,localfarmerscouldnotpurchaseinputsorselltheiragriculturalproducts,andtheconsequentdisrupt,too,,thenumberofhungrypeopleislikelytoincreaseagainthisyear,aslockdownsandrestrictionsonthemovementofpeopleandtraffichavereducedinputsan,slowereconomicgrowthisindirectlyimpactingmillionsofpeopleeworsethantheonetriggeredbytheglobalfinancialcrisisof2008-2009,althoughworldeconomicoutputshouldrecoverin2021,very1percentagepointdeclineintheglobaleconomy,thenumberofpoor—andthereforethenumberoffoodinsecurepeople—wouldincreaseby2percent,thatis,readinginmanypartsofworld,,,althoughglobalsupplyisadequateandstable,imbalancesinsupplyan,,transparentdisseminationofinformationwillensurethatmarketsfunctionsmoothlyandthegovernmentbettermanagesthefoodmarkets,peopledonotpanic,andfarmersmakerationalproductiondecisions,,foodproduction(seeds,feedforlivestockandfishery,fertilizersandpesticides),restrictionsonpeoplesmovement(includingmigrantworkers),lockdownofcitiesandquarantinemeasuresallthesewillwillhaveasignificantim"greenchannels"andgivesincentivestoensurekeyinputsaredelivereingtransportation,processing,,onelineplatformsanddeliveryservic,,whichmeansasuddenlossofincome,breakdownofregularfoodsupportnetworksand/orpricehikeswillhavedisastrousconsequencesforvulnerablecommunities,reducingtheirresiliencetofightagainstvirusessuchasthenove,andotherstakeholdersmustmobilizethenece,publichea,fooddistributionsystemsandfoodbanksinsomecountriesplayavitalroleinfoodsecurity,sowaysmustbefoundtomakesurethosede,thegovernmentalsoneedstoincreasepublicspendingandissueproactivepoliciesthatprioritizehealth,,withinvestmentsinhealthcaresystems—sotheycanbetterrespondtoanepidemic—,theauthoritiesshouldurgentlyintroduceemergencysupportmeasurestomakecetofacilitatethesmoothflowofglobaltr,FAO,WorldBankandtheIMFmustaskcountriestonotusethecor,UnitedNationsinstitutions,multilateraldevelopmentbanks,donorsandcivilsocietymuststepupandcontributefinancialandotherresourcesinbuhealthcaresystemsandmakingtheirfoodsystemsmoreresilientsotheycanpreventaftnecessarilyreflectthoseofChinaDaily.PhototakenonMarch28,2020showsthesceneryoftheHuangshanMountainafterspringsnowinHuangshancity,EastChinasAnhuiprovince.(Photo:ChinaNewsService/MeiJian)PhototakenonMarch28,2020showsthesceneryoftheHuangshanMountainafterspringsnowinHuangshancity,EastChinasAnhuiprovince.(Photo:ChinaNewsService/MeiJian)PhototakenonMarch28,2020showsthesceneryoftheHuangshanMountainafterspringsnowinHuangshancity,EastChinasAnhuiprovince.(Photo:ChinaNewsService/MeiJian)PhototakenonMarch28,2020showsthesceneryoftheHuangshanMountainafterspringsnowinHuangshancity,EastChinasAnhuiprovince.(Photo:ChinaNewsService/MeiJian)PhototakenonMarch28,2020showsthesceneryoftheHuangshanMountainafterspringsnowinHuangshancity,EastChinasAnhuiprovince.(Photo:ChinaNewsService/MeiJian)WorkerscheckpowertransmissionlinesinMingguang,Anhuiprovince.[PhotobySongWeixing/ForChinaDaily]PowerconsumptioninChinasawsteadygrowthin2019drivenbyasurgingneedforelectricityinthetertiarysector,,stotalpowerconsumptiongrowthin2019,,vice-chairandsecretary-generalofCEC,said:"Chinasrapiddevelopmentoftechnology-backedemergingindustrieslikebigdataandartificialintelligencehasmadethetertiarysectoramajorcontributortoChinaspowerconsumptiongrowth."ThecontributionofinnovativeindustriestoChinastotalpowerconsumptionislikelytocontinueinthefollowingyears,Yusaid."Wealsopredictpowerconsumptiongrowthtofallbetween4to5percentin2020,",powerconsumptioninindustrieslikerental,commercialservices,realestateandretailhasprojecteddouble-digitgrowth,whilepowerconsumptionininformationtransportation/,ector,powerconsumptioninthesecondarysector,whichaccountedforamajorpartoftotalpowerconsumptioninChinalastyear,,,,,saidChinasmanufacturingsectorisundergoingafast-tracktransformationtobecomingmoreenergy-efficient,backedbyfastdevelopinginnovativetechnologies,,stotalpowergeneration,,generationofwaterpower,nuclearpower,windpowerattachedtotheStategrid,,,,PotentialhomebuyerslookatpropertymodelsatarealestateexpoinBijie,Guizhouprovince.[Photo/ChinaNewsService]ThePeoplesBankofChinasdecisiontoreducethereserverequirementratio,ortheamountofcashbankshavetosetasideasreserves,willeasecreditpressureforhomebuyersbutmaynotspurhugespikesinhomesales,asthebroadsentimeeliquidityandlowersocialfinancialcosts,withindicationsthatmoreadjustmentsinloanandinterestratesareintheoffing,saidYanYuejin,researchdirectorattheE-HouseChinaRDInstitute."TheRRRcut,thefirstthisyearafterthreeinstancesin2019,indicatesthatthemonetaryenvironmentisshiftingfromtighttoloose,andwillbepositivefortherealestatesectorintermsoffinancing,"avenuesforhomebuyersinthefirstquarter,butpropertydevelopersmaycontinuetoseecrimpedfinancingconditions,saidZhangBo,chiefanalystofAnjuke,arklendingratefornewloansstartingfromthisyear,andmadetheloanprimerate(LPR)gherorlowerthanthebenchmark,andforthoseloansalreadyissuedbutyetdue,newcontractswillbesignedbetweenbanksandborrowersbetweenMarchandAugusttoshifttotheLPR."TheincreasedliquiditywilllikelyleadtoacutintheLPR,whichmeanstheinterestrateforhomebuyerswillbemarkeddowntoo,"saidZhangDawei,,industrialanalystssaiddemandforhomeswillremainsteady,astheannualCentralEconomicWorkConferencehasearmarkedstabilizinglandandhomepricesaswellasmarketexpectationsasoneofthekeytaskstoensuresteadyandhealthdevelopmentofthepropertymarketthisyear."Thekeytargetfortherealestatemarketistopreventrisks,sothatthefinancingenvironmentforthepropertysectorwillremainstableinthefuture,"saidXuXiaole,chiefmarketanalystwithKeResearchInstitute,"Itishighlylikelythatthecentralgovernmentwilltakestepstoensureadequateliquidityandlowerfinancingcoststhisyear,,andnotforspeculation,"saidDingZuyu,CEOofE-House(China)asethefinancingdifficultiesofmedium-andsmall-sizedenterprisesinparticularasChina,hesaid.

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